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12-Nov-2019 - Greater donor mobilization is needed to support the project preparation process that is so strategic for investment on the continent." These are the words of Patricia de Lille, South Africa’s Minister of Public Works and Infrastructure. She was part of the "Building early stage pipeline" panel discussion held at the Africa Investment Forum 2019 in Johannesburg, the economic capital of South Africa.
2019 Africa Investment Forum: historic signing of high-speed railway construction concession agreement for Ghana, with the support of the African Development Bank12-Nov-2019 - The African Development Bank has thrown its weight behind a concession agreement for the construction of a high-speed railway in Accra, Ghana’s capital. The signing took place on the opening day of the second Africa Investment Forum, running from Monday to Wednesday in Johannesburg. “It’s a great day for Ghana!” said Ghanaian President Nana Akufo-Addo. “I was here last year and I’m back this year to make sure the project moves forward. This proves how important the Africa Investment Forum is. The signing of this agreement is on track to...
Africa Investment Forum 2019: African Development Bank U.S. International Development Finance Corporation team up to mobilise private capital for Africa’s development12-Nov-2019 - The U.S. International Development Finance Corporation (DFC) and the African Development Bank Group, today signed an agreement to mobilize private capital in support of development in Africa. The Memorandum of Understanding (MOU) was signed on the sidelines of the Africa Investment Forum in Johannesburg, South Africa. Adam Boehler, DFC Chief Executive Officer said the multitude of urgent development challenges—from infrastructure development to financial inclusion and food security required collaboration with like-minded partners.
2019 Africa Investment Forum kicks off delivering on the promise to redefine and unpack the continent’s investment opportunities11-Nov-2019 - The 2019 Africa Investment Forum opened on Monday living up to its promise to move from commitment to action. A $500 million equity deal presented by the Africa Infrastructure Investment Fund last year, to speed up investments in agriculture, and a $175 million equity transaction from the Africa Guarantee Fund for investors to support Small and Medium Size Enterprises, are among the transactions that found financial close over the past year.
2019 Africa Visa Openness Index: African Union Commission, African Development Bank report shows wins in visa restrictions across Africa11-Nov-2019 - For the first time, on average, Africans can travel to approximately 27 countries visa-free or with a visa on arrival Ethiopia moves up a record 32 places on the Index, entering the top 20 most visa-open countries in Africa
11-Nov-2019 - The Africa Investment Forum is making phenomenal progress in attracting interest from all over the world since launching at the Sandton Convention Centre last year. The value of boardroom transactions which will be negotiated this year will be considerably higher compared to $43bn in 2018. A hundred and nine countries are represented at this year’s conference, 61 of which are not African, indicating growing international interest in the annual gathering.
11-Nov-2019 - The President of the African Development Bank Group, Akinwumi Adesina, has given the assurance that no country would be left behind as the institution accelerates its development agenda. “No country is left behind and there will be no country,” Adesina told journalists on Monday at the Africa Investment Forum, held from 11 to 13 November in Johannesburg, South Africa. “We are ensuring that many investments are directed to fragile or low-income countries. We are not afraid to invest in Africa and in so-called ‘at-risk’ countries.”
Africa Investment Forum: “Short on talk, heavy on deals”, African Development Bank, South African government and partners affirm10-Nov-2019 - The Africa Investment Forum will be short on talk and heavy on deals, the South African Government, the African Development Bank and key partners affirmed at a press conference ahead of the 2019 edition of the event. Organized by the African Development Bank and its partners, the second edition of the Forum, will take place from place from 11 to13 November 2019 in Johannesburg, South Africa. The multi-stakeholder transactional marketplace is aimed at raising capital, advancing projects to bankable stage and accelerating financial closure of...
Why the Africa Investment Forum matters for the continent’s energy transformation: - Wale Shonibare, Acting Vice-President, Power, Energy, Climate Change & Green Growth, African Development Bank09-Nov-2019 - The African Development Bank’s New Deal on Energy for Africa underlines the urgency to power the continent in order to end energy poverty, catalyze industrialization, and stimulate socio-economic growth. The strategy is grounded in the recognition that access to reliable, affordable and sustainable energy is central to Africa’s development, and lifting populations out of poverty.
Cameroun : la Banque africaine de développement prête 18 millions de dollars pour renforcer la gestion des finances publiques08-Nov-2019 - Le Conseil d’administration de la Banque africaine de développement a donné son accord, mercredi 6 novembre, pour un prêt de 18,1 millions de dollars américains du Fonds africain de développement en faveur des finances publiques du Cameroun. Cet appui financier, pour la mise en œuvre du Projet d’appui au renforcement de la gestion des finances publiques (PARGEFIP), doit contribuer à améliorer la performance, l’intégrité et la transparence dans la gestion des finances publiques.
African Development Bank’s Sustainable Energy Fund for Africa (SEFA) converts to concessional finance facility05-Nov-2019 - The African Development Bank’s Board of Governors has approved the conversion of the Bank-administered multi-donor trust fund SEFA into a “special fund”, to amplify its development impact by allowing it to access a wider range of financial instruments beyond the current scope of technical assistance.
Horn of Africa countries launch regional initiative as peace dividend beckons, $15 billion investment on the cards04-Nov-2019 - Five Horn of Africa countries have launched an initiative to forge closer economic ties, building on the improving political climate in the sub-region. The initiative was formalized on 18 October, on the sidelines of the World Bank Group/IMF Annual Meetings in Washington DC. The countries agreed on priority projects and programs that will constitute the initiative, which is being developed by the countries with support from the African Development Bank, the European Union and the World Bank.
01-Nov-2019 - The African Development Bank on Thursday celebrated a historic $115 billion increase from its shareholders, the largest in the bank's 55-year history. Applause rang through the stately auditorium of the Sofitel Abidjan, Hotel Ivoire, around 5.30 in the evening after the decision was announced.
Extraordinary Meeting of African Development Bank Governors: "Make the right decision" for Africa to achieve its objectives, says Alassane Ouattara, President of Côte d'Ivoire31-Oct-2019 - The President of the Republic of Côte d'Ivoire, Alassane Ouattara, on Thursday called on the Governors of the African Development Bank to "make the right decision" to enable the continent to achieve its development goals. President Ouattara made the remarks at the opening of the 5th extraordinary meeting of the African Development Bank Board of Governors in Abidjan.
African Development Bank Shareholders approve landmark $115 billion capital increase, signalling strong support31-Oct-2019 - Bank's capital base more than doubles. Jumps from $93 billion to $208 billion Largest capital increase in the Bank's history signals a united front by shareholders At an extraordinary shareholders’ meeting today in Abidjan, Governors of the African Development Bank, representing shareholders from 80 countries, approved a landmark $115 billion increase in capital for the continent’s foremost financial institution.
30-Oct-2019 - Who: Board of Governors of the African Development Bank Group What: 5th extraordinary meeting of the Board of Governors Where: Abidjan, Hotel Ivoire, Côte d’Ivoire When: 31 October 2019
30-Oct-2019 - A workshop in Tunis organised by the African Development Bank last week followed on the heels of on a pilot project on the use of drones to boost agricultural productivity in Sidi Bouzid, in the central region of Tunisia. The aim of the workshop was to share knowledge and best practices for the introduction of drones in agriculture, drawing on the experience of the pilot project, with more than 150 participants from the public and private sectors.
29-Oct-2019 - The Board of Directors of the African Development Bank Group on Tuesday approved a $165 million loan to finance part of Angola’s three-year economic diversification support program intended to restore the country’s macroeconomic stability. The Angolan government is implementing reforms to diversify its oil-dependent economy and has adopted measures to improve human and social development to restore fiscal balance after the economy was hit by a global slump in oil prices and repeated droughts.
African Development Bank, New Development Bank partner to deliver life-changing projects for millions of Africans28-Oct-2019 - The African Development Bank and the New Development Bank have signed an agreement to promote new impact projects to improve lives of millions of Africans. Under the deal, the New Development Bank −a multilateral development bank established by BRICS countries of Brazil, Russia, India, China and South Africa – will work with the African Development Bank to jointly identify, prepare and co-finance projects in countries of mutual interest.
25-Oct-2019 - La Banque africaine de développement, a organisé la quatrième édition des Masterclass Fashionomics Africa, du 16 au 17 octobre à Abidjan, en collaboration avec i-Hub Abidjan, Afreximbank, Suguba, Google Digital Skills for Africa, Kinaya Ventures. L’événement ciblait les entrepreneurs du textile, de l'habillement et des accessoires de mode.